By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices may slump by more than half this year as the global recession cuts demand. MF Global Ltd., one of 12 companies that trade on the floor of the London Metal Exchange, predicts that the three-month contract may average $3,250 per metric tonne in [...]
Continue reading "Analysts warn more losses in store for copper"
Friday, October 10, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
Continue reading "Copper's wild ride"
Friday, August 1, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News A refreshed demand picture combined with shrinking supply caused the copper market to show the most positive activity in the past four months. The metal for delivery in three months rose as much as $145, or 1.8 percent, to $8,175 per tonne on the London [...]
Continue reading "Copper Inches up as Stockpiles Shrink"
Friday, July 25, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News Copper stretched forward Friday, retracing from the five week low it hit on Thursday. Thursday’s price was weighed down by a stronger dollar and weakening global economic growth. The phrase “global recession” popped up again this week after German data showed business confidence declined to [...]
Continue reading "Copper Recuperates Amid a Shaky Outlook"
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Thursday, January 29, 2009